Date:31/07/2008 URL: http://www.thehindu.com/2008/07/31/stories/2008073155590600.htm

Andhra Pradesh

Market value of land to go up by 5 to 30 per cent

Special Correspondent

HYDERABAD: The increase in market values of properties for registration purpose in 144 towns and cities across the State, will range from 5 to 30 per cent.

Andhra Pradesh Chief Minister Y. S. Rajasekhara Reddy cleared the proposal made by the Registration & Stamps Department while reviewing the performance of revenue-earning departments such as Commercial Taxes, Excise and Transport. The new rates will come into effect from August 1.

B. Aravind Reddy, Commissioner & Inspector- General, Registration & Stamps, said the maximum hike in market values would be in Hyderabad and Visakhapatnam.